XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (10,978) $ (17,700)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,188 4,275
Amortization of deferred finance charges 179 305
Write-off of deferred finance charges 0 2,161
Loss (gain) on disposition of assets 110 (89)
Fixed asset donation 0 (18)
Provision for doubtful accounts 7,550 7,220
Stock-based compensation expense 482 654
Deferred rent (481) (245)
(Increase) decrease in assets:    
Accounts receivable (13,320) (9,276)
Inventories (145) (197)
Prepaid income taxes and income taxes receivable (32) 10
Prepaid expenses and current assets (6) 301
Other assets, net (11) (1,075)
Increase (decrease) in liabilities:    
Accounts payable 4,977 (28)
Accrued expenses 420 (1,804)
Unearned tuition (5,228) (4,250)
Other liabilities (39) 245
Total adjustments (1,356) (1,811)
Net cash used in operating activities (12,334) (19,511)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (1,811) (2,098)
Proceeds from sale of property and equipment 15 122
Net cash used in investing activities (1,796) (1,976)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on borrowings (32,800) (49,266)
Proceeds from borrowings 4,400 38,000
Payment of deferred finance fees (81) (1,134)
Net share settlement for equity-based compensation (372) (429)
Net cash used in financing activities (28,853) (12,829)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (42,983) (34,316)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH-Beginning of period 54,554 47,715
CASH, CASH EQUIVALENTS AND RESTRICTED CASH-End of period 11,571 13,399
Cash paid for:    
Interest 896 1,882
Income taxes 150 106
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Liabilities accrued for or noncash purchases of fixed assets $ 352 $ 2,004